Each week, the Law.com Barometer newsletter, powered by the ALM Global Newsroom and Legalweek, brings you the trends, disruptions, and shifts our reporters and editors are tracking through coverage spanning every beat and region across the ALM Global Newsroom. The micro-topic coverage will not only help you navigate the changing legal landscape but also prepare you to discuss these shifts with thousands of legal leaders at Legalweek 2023, taking place March 20-23, 2023 in New York City. Registration is now open. Secure your ticket today.

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The Shift: Budgets, Brakes and Burnout

There is already significant pressure on legal departments, now add onto that budget season, a looming recession, a continuing challenge around overwhelming workloads and systemic burnout, and you get the picture.

Let's start with the economy. A recent survey of global CEOs placed the likelihood that the economy will slide into a recession at 86% in the next 12 months. The Conference Board was even more pessimistic of a U.S. recession at 96%.